posted 8.10a.m. est from pre-open comment Thursday 28th May >>…. Tuesday’s Buying was Effective (higher, wider value area and more volume) and Wednesday’s Selling was ineffective (overlapping value area and less volume). For that reason I would expect the Buyers to respond again and auction ES higher. Difficult to call but: Stats suggest Wednesday’s day […]
Archives for May 2009
SP500 emini pre-open Thursday 28th May
posted 7.45a.m. est from pre-open comments Wednesday 27th May >>Green at top strongly indicates that Tuesday’s high (911) will be exceeded during Wednesday’s day session. Through May, ES has been in a clear range between 876 and 928. A consolidation supported on a major poc like this can be a powerful pattern for a fast […]
SP500 emini pre-open Wednesday 27th May
posted 8.55a.m. est from pre-open comment Thursday 21st May >>Longframe: The early May time pivot where I anticipated a turn for the market is still looking like a good call – so far. My best guess at the moment though is that we’ll see that high tested with an accompanying surge of bullish sentiment – […]
SP500 emini pre-open Tuesday 26th May
posted 7.25a.m. est from pre-open comment Thursday 21st May >>Longframe: The early May time pivot where I anticipated a turn for the market is still looking like a good call – so far. My best guess at the moment though is that we’ll see that high tested with an accompanying surge of bullish sentiment – […]
SP500 emini pre-open Friday 22nd May
posted 9.29a.m. est from pre-open comment Thursday 21st May >>Dayframe: First Level S/R is 911.5. I’m not interested in longs below that level and for now I’m not interested in short side until we see Effective Selling below 872. We’re still waiting for Effective Sellers to appear and until that happens (and as I still […]
SP500 emini pre-open Thursday 21st May
posted 7.45a.m. est from pre-open comment Tuesday 19th May >>….a higher low above a major poc (872) can be a powerful pattern. ES found support just above this level. The 1/2Range since the high on 7th May is 902. This halfway point (or just below) could well be support if the Buyers are ready to auction […]
SP500 emini pre-open Tuesday 19th May
posted 9.28a.m. est Pre-open Monday 18th May >>Last week I marked two instances of Significant Selling and one of Significant Buying and that’s the first time there’s been a weekly Selling imbalance since week-ending 6th March…..I’m looking for Effective Selling below the major support at 872 to confirm Sellers in control.<< Pre-open Tuesday 19th May […]
Webcast 18th May
webcast 18th May
SP500 emini pre-open Monday 18th May
posted 9.47a.m. est from pre-open Friday 15th May >>Significant Responsive Buyers were marked (Green at bottom). Green at Bottom sets up a useful reference point in a rally. Since the March low there has been six previous days when Green at Bottom was marked and there has not been a subsequent close below any of […]
SP500 emini pre-open Friday 15th May
posted 9.20a.m. est from pre-open comments Thursday 14th May >>..There’s major support at 872 and I’d be looking for Significant, Effective Selling below that level to confirm a new down trend. Until a new trend is confirmed I will assume the Buyers are still in control and a new high is possible. I marked Significant […]